Altria Group Inc. (MO)

Long-term (Investment) Activity Analysis

Difficulty: Beginner

Annual Data

Quarterly Data

Activity ratios measure how efficiently a company performs day-to-day tasks, such us the collection of receivables and management of inventory.

Altria Group Inc., long-term (investment) activity ratios

Source: Based on data from Altria Group Inc. Annual Reports

Ratio	Description	The company
Net fixed asset turnover	An activity ratio calculated as total revenue divided by net fixed assets.	Altria Group Inc.'s net fixed asset turnover improved from 2015 to 2016 and from 2016 to 2017.
Total asset turnover	An activity ratio calculated as total revenue divided by total assets.	Altria Group Inc.'s total asset turnover deteriorated from 2015 to 2016 but then slightly improved from 2016 to 2017.
Equity turnover	An activity ratio calculated as total revenue divided by shareholders' equity.	Altria Group Inc.'s equity turnover deteriorated from 2015 to 2016 and from 2016 to 2017.

Altria Group Inc., net fixed asset turnover calculation, comparison to benchmarks

		Dec 31, 2017	Dec 31, 2016	Dec 31, 2015	Dec 31, 2014	Dec 31, 2013
	Selected Financial Data (USD $ in millions)
	Net revenues
	Property, plant and equipment, net
	Ratio
	Net fixed asset turnover¹
	Benchmarks
	Net Fixed Asset Turnover, Competitors
	Philip Morris International Inc.
	Net Fixed Asset Turnover, Sector
	Tobacco
	Net Fixed Asset Turnover, Industry
	Consumer Goods

Source: Based on data from Altria Group Inc. Annual Reports

2017 Calculations

¹ Net fixed asset turnover = Net revenues ÷ Property, plant and equipment, net
= hidden ÷ hidden = hidden

Ratio	Description	The company
Net fixed asset turnover	An activity ratio calculated as total revenue divided by net fixed assets.	Altria Group Inc.'s net fixed asset turnover improved from 2015 to 2016 and from 2016 to 2017.

Altria Group Inc., total asset turnover calculation, comparison to benchmarks

		Dec 31, 2017	Dec 31, 2016	Dec 31, 2015	Dec 31, 2014	Dec 31, 2013
	Selected Financial Data (USD $ in millions)
	Net revenues
	Total assets
	Ratio
	Total asset turnover¹
	Benchmarks
	Total Asset Turnover, Competitors
	Philip Morris International Inc.
	Total Asset Turnover, Sector
	Tobacco
	Total Asset Turnover, Industry
	Consumer Goods

Source: Based on data from Altria Group Inc. Annual Reports

2017 Calculations

¹ Total asset turnover = Net revenues ÷ Total assets
= hidden ÷ hidden = hidden

Ratio	Description	The company
Total asset turnover	An activity ratio calculated as total revenue divided by total assets.	Altria Group Inc.'s total asset turnover deteriorated from 2015 to 2016 but then slightly improved from 2016 to 2017.

Altria Group Inc., equity turnover calculation, comparison to benchmarks

		Dec 31, 2017	Dec 31, 2016	Dec 31, 2015	Dec 31, 2014	Dec 31, 2013
	Selected Financial Data (USD $ in millions)
	Net revenues
	Stockholders’ equity attributable to Altria Group, Inc.
	Ratio
	Equity turnover¹
	Benchmarks
	Equity Turnover, Competitors
	Philip Morris International Inc.
	Equity Turnover, Sector
	Tobacco
	Equity Turnover, Industry
	Consumer Goods

Source: Based on data from Altria Group Inc. Annual Reports

2017 Calculations

¹ Equity turnover = Net revenues ÷ Stockholders’ equity attributable to Altria Group, Inc.
= hidden ÷ hidden = hidden

Ratio	Description	The company
Equity turnover	An activity ratio calculated as total revenue divided by shareholders' equity.	Altria Group Inc.'s equity turnover deteriorated from 2015 to 2016 and from 2016 to 2017.

	Altria Group Inc.	Other companies (not purchased previously)
Financial Statements
Common-Size Financial Statements
Ratios
Relative Valuation
Discounted Cash Flow (DCF) Valuation
Economic Value Added (EVA)
Long-term Trends
Analysis
Financial Reporting Quality

	All companies
Financial Statements
Common-Size Financial Statements
Ratios
Relative Valuation
Discounted Cash Flow (DCF) Valuation
Economic Value Added (EVA)
Long-term Trends
Analysis
Financial Reporting Quality